For many small and midsize businesses, offering retirement benefits may seem unrealistic and out of budget. However, as state-mandated plans roll out and the workforce continues to prioritize roles that offer retirement benefits, businesses should consider 401(k) programs as a critical part of their employee retention strategy.
BBSI’s multiple-employer 401(k) plan makes it easy for businesses to offer their employees a full-service retirement program with features typically only available to large corporate employers. Our plan not only exempts business owners from state-mandated plan enrollment, but also offers the flexibility to design a plan that supports your business’ unique needs.
From regulation compliance to recordkeeping, we’ll handle the administration of your plan so you can focus on supporting your people and growing your business.
In partnership with Milliman® and Morgan Stanley®, BBSI gives businesses access to a multiple employer plan (MEP) which offers best-in-class investment options at low expense levels and personalized support to help your employees reach their retirement goals.
From forfeitures management to plan audits, BBSI acts as the plan’s sponsor, administrator, and trustee, taking the administrative burden off the plate of the business owner. As the plan sponsor, BBSI also takes on shared fiduciary responsibility supported by independent Morgan Stanley financial advisors.
By partnering with BBSI, you can offer your employees world-class retirement benefits without taking on the burden of implementing and managing the program.
Your company will achieve economies of scale by participating in the BBSI 401(k) Program. Your clout in the investment marketplace is much greater as part of a MEP than as an individual company.